What Are SoFi Plus Benefits and Perks?
By Jason Steele | Updated September 4, 2026
SoFi has long offered a host of premium banking services to its customers, such as a rewards checking account for everyday banking.
Now, SoFi offers a next-level program called SoFi Plus. It’s a membership program that provides users with enhanced financial benefits to help them earn, save, and invest. Members will get access to the best rewards, benefits, and more across SoFi to help them make the most of their money.
- Key Points
- • The Plus membership program costs $10 monthly and provides enhanced financial benefits
- • Members earn 4.70% APY on up to $20,000 in a SoFi Bank savings account.
- • A 10% boost on cash back credit card rewards, points redeemable for cash, for all eligible purchases made with a SoFi Unlimited 2% Card
- • Borrowing benefits include a $1,000 mortgage discount, $400 home equity loan discount, and rate reductions on fees for personal loans, student loan refinancing, and Parent student loans.
- • Unlimited one-on-one sessions with experienced wealth financial planners — valued at approximately $300 per session.
Subscribe to SoFi Plus today.
What is a SoFi Plus Membership Benefit?
SoFi Plus members can get exclusive membership benefits that can help with saving, borrowing, investing, earning rewards, and more.
Visit the SoFi Plus page for details on specific membership and promotional offerings.
Benefits of SoFi Plus
SoFi Plus members can earn 4.70% APY (annual percentage yield) on up to $20,000 in a SoFi Bank savings account and 3.30% on savings balances greater than $20,000.
SoFi Plus members get a 1% match on eligible deposits into non-retirement SoFi Invest accounts. Terms apply.
They are also eligible for a 1% match on SoFi Bank crypto purchases, earned in rewards points. Members can get preferred IPO access and 40% off CNBC.
With SoFi Plus, they will also receive a 10% boost on cash back rewards earned through select SoFi credit cards, 5% cash back rewards points on SoFi Travel bookings (excluding airfare), and twice the rewards points on qualifying account activity. This is an excellent way to maximize credit card rewards.
Borrowers also benefit from SoFi Plus, as SoFi Plus members can get fee reductions such as a $1,000 home mortgage discount and a $400 home equity loan discount. There are also rate discounts on new Parent student loans, new personal loans, and student loan refinancing. Terms apply.
Additional discounts include a 50% discount on Hello Privacy, $200 off trusts with Trust & Will, 20% off TurboTax, a $50 Rakuten welcome bonus, and a discounted Care.com subscription.
They can also plunge into SoFi Plus Experiences, with exclusive chances to enjoy live entertainment. SoFi Plus membership also includes a $20 reward on dining with Seated and 10% off tickets with Vivid Seats.
What Are SoFi Plus Rewards Points?
SoFi Plus rewards are essentially a form of cash value you can redeem later. SoFi Plus members earn 2x rewards points on qualifying account activity, and 5% cash back rewards points on all SoFi Travel bookings (excluding airfare). Plus, you can earn a 10% boost on cash back rewards earned through select SoFi Credit Cards.
How Does SoFi Plus Rewards Work?
To redeem your rewards points, you must have an active and eligible SoFi product. To redeem rewards points, log into your account and choose an account or book travel. You can redeem rewards points as cash in a SoFi Checking and Savings account or in a SoFi Active and Automated Invest account. Rewards points can also be redeemed as a statement credit on a SoFi Credit Card or applied as an extra payment to a SoFi Personal Loan or SoFi Student Loan Refinance.
Example Use Cases of SoFi Plus Benefits
If you keep $20,000 in a SoFi Savings account and earn 4.70% APY, you could earn about $900 in interest over one year, assuming the balance remains $20,000 for a full 12-month period.
Another example use case of SoFi Plus Benefits is through the unlimited 1% match on eligible non-retirement SoFi Invest deposits. For example, if you deposit $1,000 monthly, you could earn an extra $120 over the course of the year.
SoFi Plus Advantages
Unlike strategies like credit card churning to take advantage of numerous credit card bonus offers, SoFi Plus offers a more sustainable rewards model for long-term financial health and low risk.
When Is SoFi Plus Best?
SoFi Plus is best for people who can keep $20,000 in a SoFi Bank savings account to earn the 4.70% APY and can take advantage of the additional benefits and savings that SoFi Plus offers. It is also best for people who invest regularly and want to take advantage of the unlimited 1% match on eligible non-retirement deposits into SoFi Invest accounts.
Tips to Maximize SoFi Plus Benefits
If maximized, SoFi Plus benefits can total over $1,000 in annual value with qualifying activities. For only $10 a month, this could equate to a savings of about $880 per year. To maximize the SoFi Plus benefits, it is helpful to have a SoFi Savings account with $20,000 in it.
SoFi Plus Member Calculator
The SoFi Plus calculator helps you estimate your annual membership rewards based on credit card purchases and deposits into savings and investment accounts.
To use the calculator, first input your estimated annual interest earned in a savings account. Then, estimate your average monthly deposits into your investing account. Then estimate your average monthly spend on your SoFi credit card with the 10% boost. The calculator will give you your SoFi Plus annual value, which includes the sum of the savings balance interest, the invested rewards amount, the credit card rewards amount and the value of the unlimited financial planning. The SoFi Plus annual value is an estimate for illustrative purposes only and is not a guarantee of actual earnings. Results are based on the information you enter and assume that current benefits remain unchanged.
The savings balance interest is the total interest you can earn annually on a Savings account with a SoFi Plus subscription, based on a 4.70% APY on up to $20,000 in a Savings account and 3.30% on all other Savings balances.
The invest rewards is an estimate based on a 1% match on eligible deposits into non-retirement SoFi Invest accounts.
The Takeaway
SoFi Plus offers substantial value for active users by bundling higher savings interest, investment deposit matches, credit card cash-back boosts, and loan discounts that can exceed its $120 annual cost.
SoFi Plus is America’s most rewarding financial membership—all in one app.* Unlock extra savings, rewards, discounts, and more.
